XLB vs VAW: holdings overlap, shared companies and scores
As of September 11, 2026, XLB and VAW overlap 74.3% by weight. State Street Materials Select Sector SPDR ETF (XLB): U.S. materials sector. Vanguard Materials ETF (VAW): U.S. materials companies.
Updated September 11, 2026
How much do XLB and VAW overlap?
As of September 11, 2026, XLB and VAW overlap 74.3% by weight.
100% of XLB is already inside VAW.
78% of VAW is already inside XLB.
XLB holds 25 companies and VAW holds 110; 25 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score XLB and VAW?
As of September 11, 2026, ETF Copilot scores XLB 3.9 out of 10 and VAW 3.6 out of 10.
They differ most on Growth: XLB 5.9 and VAW 5.2.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | XLB | VAW |
|---|---|---|
| Growth | 5.9 | 5.2 |
| Valuation | 5.3 | 4.9 |
| Risk | 3.1 | 2.6 |
| Quality | 1.7 | 1.9 |
| Return | 3.0 | 3.0 |
XLB is the cheaper of the two at 0.08% a year
As of September 11, 2026, XLB charges 0.08% a year, yields 2.15% and holds $8.5B in assets across 25 positions.
As of September 11, 2026, VAW charges 0.09% a year, yields 1.75% and holds $4.3B in assets across 110 positions.
| Measure | XLB | VAW |
|---|---|---|
| Expense ratio | 0.08% | 0.09% |
| Dividend yield | 2.15% | 1.75% |
| Assets under management | $8.5B | $4.3B |
| Holdings | 25 | 110 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where XLB and VAW trade against their own history
XLB trades at 23.0 times earnings, against its own median of 21.0, and is more expensive than 75% of its own 114 monthly readings since 2017.
VAW trades at 22.2 times earnings, against its own median of 19.7, and is more expensive than 75% of its own 114 monthly readings since 2017.
What moved XLB and VAW this week
XLB fell 3.2% in the week to September 11, 2026. The holdings that moved it most were Linde (−3.3%), Corteva (−5.3%) and Newmont (−2.8%); Martin Marietta Materials (+0.2%) pushed the other way.
VAW fell 3.3% in the week to September 11, 2026. The holdings that moved it most were Linde (−3.3%), Corteva (−5.3%) and Newmont (−2.8%); Materion (+7.0%) pushed the other way.
What do XLB and VAW each hold?
59% of XLB is its ten largest holdings.
What's inside VAW: Tech 0%.
57% of VAW is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “XLB vs VAW holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/xlb-vs-vaw
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